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Vacation Rental Market worth $196.77 billion by 2030, growing at a CAGR of 12.73% - Exclusive Report by 360iResearch
Vacation Rental Market | 360iResearch
The Global Vacation Rental Market to grow from USD 85.02 billion in 2023 to USD 196.77 billion by 2030, at a CAGR of 12.73%.
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A vacation rental is a professionally managed or privately owned property comprising a wide range of accommodations, such as apartments, condos, villas, cottages, cabins, or lodges, available for temporary occupancy by travelers during their holidays or leisure time. The vacation rental market has experienced significant growth due to advancements in digital platforms that facilitate easy bookings and searchability. Increased preference for experiential travel, ongoing workstation trends, technological advancements, and rental cost-effectiveness increase inclination toward vacation rentals. Travelers increasingly seek authentic local experiences from vacation rentals compared to traditional hotels. However, regulatory issues pose a major challenge as many municipalities enforce stricter regulations on short-term rentals due to housing shortages and neighborhood disruptions caused by transient guests. Leveraging data analytics to understand customer preferences can lead to personalized marketing campaigns and targeted promotional strategies to improve retention rates and propel the growth of the vacation rental market globally.
In the Americas, the vacation rental market is experiencing a rapid expansion owing to increased international travel, changing traveler preferences favoring private accommodations over traditional hotels, and technological advancements in platforms that facilitate the booking and management of vacation rentals. The EMEA region is witnessing significant growth attributed to increased tourism activity, the shift toward experiential travel, and a rise in short-term rental regulations. Furthermore, the Middle East and Africa showcase immense potential for market expansion due to factors such as a burgeoning middle class, improving infrastructure, and a growing appetite for leisure travel among the population. Rapid urbanization, increasing disposable incomes, and a surge in digital connectivity provide the impetus for the vacation rental market's development in APAC. Technological innovations, changing consumer preferences, and focusing on enhancing the overall guest experience are anticipated to encourage the growth of the vacation rental market worldwide.
Market Segmentation & Coverage:
This research report categorizes the Vacation Rental Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Accommodation Type, market is studied across Apartments, Home, and Resort or Condominium. The Resort or Condominium is projected to witness significant market share during forecast period.
Based on Location Type, market is studied across Resort Area, Rural Area, and Small Town. The Rural Area is projected to witness significant market share during forecast period.
Based on Price Point, market is studied across Economic, Luxury, and Mid Range. The Mid Range is projected to witness significant market share during forecast period.
Based on Booking Mode, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on End User Generation, market is studied across Boomers, Gen X, Gen Z, and Millennials. The Gen Z is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.67% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Vacation Rental Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Vacation Rental Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Vacation Rental Market, highlighting leading vendors and their innovative profiles. These include 9flats.com Pte Ltd., Accor SA, Airbnb, Inc., Arizona Vacation Getaway LLC, Avantstay, Inc., Benchmark Management, Bluefish Vacation Rentals, Booking Holdings Inc., Clickstay Ltd., English Cottage Vacation, Evolve Vacation Rental Network, Inc., Expedia Group, Inc., Guesty Inc., HomeToGo GmbH, Hotelplan Group, iTrip LLC, Ivy Lettings, Luxury Cotswold Rentals, MakeMyTrip (India) Private Limited, Novasol AS, Oravel Stays Private Limited, Seashore Vacations, Inc., SkyRun Vacation Rentals, LLC, Southern Vacation Rentals, The Plum Guide, Thrillophilia, Travel + Leisure Co., Tripadvisor LLC, Tybee Vacation Rentals, Utah's Best Vacation Rentals, Vacasa LLC, Vacation Rental Pros Property Management LLC, and Yatra Online Private Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Vacation Rental Market, by Accommodation Type
7. Vacation Rental Market, by Location Type
8. Vacation Rental Market, by Price Point
9. Vacation Rental Market, by Booking Mode
10. Vacation Rental Market, by End User Generation
11. Americas Vacation Rental Market
12. Asia-Pacific Vacation Rental Market
13. Europe, Middle East & Africa Vacation Rental Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Vacation Rental Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Vacation Rental Market?
3. What is the competitive strategic window for opportunities in the Vacation Rental Market?
4. What are the technology trends and regulatory frameworks in the Vacation Rental Market?
5. What is the market share of the leading vendors in the Vacation Rental Market?
6. What modes and strategic moves are considered suitable for entering the Vacation Rental Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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